VEON Ltd. Q2 2026 Earnings Release

VEON Ltd. reported strong financial and operational results for the second quarter and first half of 2026. Total revenue increased by 17.0% year-over-year to USD 1,271 million in Q2 and USD 2,472 million in 1H26. Digital revenue saw significant growth, climbing 53.6% YoY to USD 342 million in Q2 and 55.5% YoY to USD 644 million in 1H26, now representing 26.9% of total revenue. EBITDA grew by 6.2% YoY to USD 552 million in Q2 and 11.5% YoY to USD 1,069 million in 1H26. The company has raised its full-year 2026 outlook, projecting revenue growth of 15%-18% and EBITDA growth of 9%-12%. Key developments include a USD 1.4 billion bond offering, strategic partnerships, and acquisitions aimed at expanding digital financial services and ecosystem. VEON also announced its intention to cancel a minimum of USD 100 million of repurchased shares and ADSs annually to return capital to shareholders.